SEC 13F Intelligence

Managers / Q1 2021 · view latest →

BHZ CAPITAL MANAGEMENT, LP

CIK 0001618872 · 2025 GATEWAY PLACE, SUITE 405, SAN JOSE, CA, 95110 · 408-998-5438

Reported Value
$315M
Q1 2021
Positions
134
Filings on Record
24
2019–present window
Filed
May 10, 2021
original filing

Summary

Bhz Capital Management, LP reported $315M in U.S.-listed holdings across 134 positions for Q1 2021.

Its largest position, CUBI, represents 4.3% of the portfolio.

Compared with Q4 2020, the fund opened 11 new positions and exited 17.

Portfolio Metrics

Turnover
+13.4%
vs prior filed quarter
Top-10 Concentration
+30.2%
share of reported value
Largest Position
+4.3%
Customers Bancorp
New / Exited
11 / 17
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $379MQ4 ’18Q1 ’19: $399MQ2 ’19: $417MQ3 ’19: $413MQ3 ’19Q4 ’19: $426MQ1 ’20: $266MQ2 ’20: $254MQ2 ’20Q3 ’20: $236MQ4 ’20: $296MQ1 ’21: $315MQ1 ’21Q2 ’21: $269MQ3 ’21: $294MQ4 ’21: $294MQ4 ’21Q1 ’22: $297MQ2 ’22: $247MQ3 ’22: $240MQ3 ’22Q4 ’22: $227MQ1 ’23: $215MQ2 ’23: $143MQ2 ’23Q3 ’23: $121MQ4 ’23: $189MQ1 ’24: $88MQ1 ’24Q2 ’24: $0filingsflow.com

Portfolio Composition

By security type
Common Stock: 90.6%Other: 9.4%
  • Common Stock · 90.6% · $285M
  • Other · 9.4% · $30M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FLICUSDFIRST LONG IS CORPNEW+80.2K80.2K+$2M$2M
BRBSBLUE RIDGE BANKSHARES INC VANEW+52.0K52.0K+$1M$1M
BB3BROOKLINE BANCORP INC DELNEW+53.3K53.3K+$800,000$800,000
CBFVCB FINL SVCS INCNEW+22.2K22.2K+$491,000$491,000
KRNYKEARNY FINL CORP MDNEW+25.6K25.6K+$310,000$310,000
FULTFULTON FINL CORP PANEW+16.0K16.0K+$272,000$272,000
SRCE1ST SOURCE CORPNEW+5.2K5.2K+$246,000$246,000
FSFGFIRST SVGS FINL GROUP INCNEW+3.6K3.6K+$245,000$245,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2021

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CUBICUSTOMERS BANCORP INChistory →COM4.28%$13M424.2K
2GWBGREAT WESTN BANCORP INChistory →COM3.59%$11M373.2K
3IBOCINTERNATIONAL BANCSHARES CORhistory →COM3.44%$11M233.5K
4WF2WINTRUST FINL CORPhistory →COM3.25%$10M135.1K
5CSTRUSDCAPSTAR FINL HLDGS INChistory →COM3.18%$10M581.9K
6PACWUSDPACWEST BANCORP DELhistory →COM2.88%$9M237.6K
7BBTBERKSHIRE HILLS BANCORP INChistory →COM2.69%$8M380.2K
8HTHHILLTOP HOLDINGS INChistory →COM2.44%$8M225.3K
9FRBKQREPUBLIC FIRST BANCORP INChistory →COM2.25%$7M1.88M
10FSBWFS BANCORP INChistory →COM2.16%$7M101.3K
11FW2NBANNER CORPhistory →COM NEW2.16%$7M127.6K
12FISIFINANCIAL INSTNS INChistory →COM2.10%$7M218.9K
13ACBIUSDATLANTIC CAP BANCSHARES INChistory →COM2.03%$6M266.1K
14XHCHERITAGE COMMERCE CORPhistory →COM2.02%$6M521.7K
15BANK COMM HLDGSCOM1.91%$6M472.2K
16THFFFIRST FINL CORP INDhistory →COM1.85%$6M129.6K
17PMBCPACIFIC MERCANTILE BANCORPhistory →COM1.84%$6M653.2K
18TCBITEXAS CAPITAL BANCSHARES INChistory →COM1.83%$6M81.5K
19PKBKPARKE BANCORP INChistory →COM1.54%$5M243.4K
20TCFCUSDCOMMUNITY FINL CORP MDhistory →COM1.52%$5M139.7K
21OPBKOP BANCORPhistory →COM1.46%$5M437.1K
22RBBRBB BANCORPhistory →COM1.46%$5M226.6K
23FCBPFIRST CHOICE BANCORPhistory →COM1.33%$4M172.1K
24CADEEURCADENCE BANCORPORATIONhistory →CL A1.32%$4M200.5K
25CVCYUSDCENTRAL VALLEY CMNTY BANCORPhistory →COM1.28%$4M218.9K
26PQ3PROVIDENT FINL SVCS INChistory →COM1.19%$4M169.0K
27FBIZFIRST BUS FINL SVCS INC WIShistory →COM1.08%$3M138.0K
28COMMUNITY BANKERS TR CORPCOM1.05%$3M373.9K
29CIVBCIVISTA BANCSHARES INChistory →COM NO PAR1.04%$3M143.3K
30FL8FLUSHING FINL CORPhistory →COM1.04%$3M154.2K
31FIRST BANK WILLIAMSTOWN NJCOM1.02%$3M263.4K
32SMBKSMARTFINANCIAL INChistory →COM NEW1.01%$3M146.9K
33BSRRSIERRA BANCORPCOM0.98%$3M115.6K
34LBAIUSDLAKELAND BANCORP INCCOM0.98%$3M177.7K
35CARTER BK & TR MARTINSVILLECOM0.95%$3M214.8K
36RANDOLPH BANCORP INCCOM0.93%$3M147.0K
37PCBPCB BANCORPCOM0.90%$3M189.9K
38HTBHOMETRUST BANCSHARES INCCOM0.89%$3M115.2K
39PGCPEAPACK-GLADSTONE FINL CORPCOM0.88%$3M89.8K
40GSBCGREAT SOUTHN BANCORP INCCOM0.82%$3M45.3K
41FIRST FINANCIAL NORTHWEST INCOM0.81%$3M178.5K
42SLCTSELECT BANCORP INC NEWCOM0.79%$2M225.3K
43EBSBMERIDIAN BANCORP INC MDCOM0.79%$2M134.5K
44FNWBFIRST NORTHWEST BANCORPCOM0.78%$2M147.8K
45FCCYUSD1ST CONSTITUTION BANCORPCOM0.77%$2M138.5K
46BCMLBAYCOM CORPCOM0.76%$2M132.1K
47ASRVAMERISERV FINL INCCOM0.74%$2M576.8K
48PROVIDENT BANCORP INCCOM0.72%$2M158.5K
49MOFGMIDWESTONE FINL GROUP INC NECOM0.72%$2M73.6K
50BFINUSDBANKFINANCIAL CORPCOM0.71%$2M217.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2024$01Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$88M42May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$189M62Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$121M65Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$143M71Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$215M111May 16, 202313F-HRchanges · EDGAR ↗
Q4 2022$227M116Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$240M122Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$247M119Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$297M141May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$294M135Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$294M135Nov 4, 202113F-HRchanges · EDGAR ↗
Q2 2021$269M127Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$315M134May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$296M140Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$236M140Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$254M138Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$266M142May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$426M148Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$413M139Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$417M147Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$399M138May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$379M131Feb 15, 2019RESTATEMENTchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.